Case-Shiller: DC Area Home Prices Rise 4 Percent
✉️ Want to forward this article? Click here.
While the latest Case-Shiller report released this morning showed that home prices fell 4 percent nationally between April 2010 and April 2011, the index reported that home prices in the DC area increased on both a monthly (+3%) and annual (+4%) basis.

Case Shiller April 2011
Between March 2011 and April 2011, area prices increased in each price tier measured by the index: the low tier (under $293,756), the middle tier (homes between $293,756 and $457,827) and the high tier (above $457,827).
Take the Case Shiller for what it is, though.
As housing market guru Jonathan Miller explained at the end of May, the index is really “a foundation for consumer sentiment on the housing market, not an accurate description of the current housing market.” This is because the index is based on closed sales and home price data from 5 to 7 months ago. Another thing that is important to note about Case-Shiller is that the main index only covers single-family home prices, so co-op and condo prices are not included in the analysis that is widely reported. This means that in places like DC, Chicago and New York City (where condos/co-ops are prevalent), the index does not offer the most accurate picture of housing prices.
A more current picture of the local market came earlier this month, when RealEstate Business Intelligence (RBI), the research arm of Metropolitan Regional Information Systems (MRIS) reported that 5,506 home purchase contracts were signed in the DC area in May, the highest total for this month since 2005. The RBI analysis also reported that the median sales price for May ($353,606) was 5.9 percent higher than April ($334,000) and 3.5 percent higher than the same month last year.
See other articles related to: case-shiller, dclofts, home prices
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/case_shiller_dc_home_prices_rise_4_percent/3728.
Most Popular... This Week • Last 30 Days • Ever

A new Zillow report finds that home values and rents around the country rose twice as... read »

Today, UrbanTurf is taking a look at the tax benefits associated with buying a home t... read »

A new Bright MLS dashboard finds that there was an uptick in new listings coming onli... read »

With three new buildings delivering last year and at the beginning of 2025, the new d... read »

Penzance, in partnership with The Baupost Group, has plans in the works for One Rossl... read »
- How Much Home Prices And Rents In The DC Area Have Risen Since The Pandemic
- A Look At The Tax Benefits of Buying a Home Through a Trust
- DOGE Housing Tracker: New Listings Rise In DC Area Over Last Week
- The Nearly 3,000 Units Still In The Works At Buzzard Point
- 850 New Units Along Rosslyn Skyline Look To Move Forward
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro